Hong Kong's first bitcoin and ether futures exchange traded funds (ETFs) ended their first trading day higher on Friday, reflecting investors' interest despite the broader crypto market meltdown.
closed up 0.5% at HK$7.81 per unit, while the CSOP Ether Futures ETF ended 0.4% higher at HK$7.805.
Both ETFs had opened flat compared to their estimated net asset values, both at HK$7.77 per unit. Among the two, the bitcoin futures ETF attracted more trading volume, as a total of 937,200 units worth HK$7.3 million changed hands. "The two crypto asset ETFs provide investors with exposure to the digital asset space for the first time in Asia and reflect both our ongoing commitment to, and the market’s appetite for, the digital economy," said Wilfred Yiu, chief operating officer and co-head of markets at Hong Kong Exchanges & Clearing .Reporting by Georgina Lee; Editing by Christian Schmollinger and Mark Potter
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Hong Kong opens up, visitors can enter a gym or restaurant immediatelyPeople arriving in Hong Kong by international flights can immediately visit the city's restaurants, gyms and other venues for the first time in almost three years, with the scrapping of restrictions that barred them from such places for the first three days.
Read more »
Hong Kong court rules police ban on Tiananmen vigil unlawful, overturning conviction of prominent activist | CNNHong Kong's High Court ruled on Wednesday that a decision by police to ban a Tiananmen square vigil last year was 'unlawful,' thereby overturning an earlier conviction against jailed pro-democracy activist Chow Hang-tung, who helped organize the event.
Read more »
This day in history, Dec. 15, 1968: Landmark commission meets, Hong Kong flu arrives in Houston
Read more »
Hong Kong crypto futures ETFs raise over $70M ahead of debutThe ETFs will invest in Bitcoin and Ether futures listed on the Chicago Mercantile Exchange to track the asset prices.
Read more »
New Bitcoin and Ether Futures ETFs Launching in Hong KongAsset manager CSOP is launching new bitcoin and ether futures exchange-traded funds (ETFs) that will be officially listed on the Hong Kong Stock Exchange on Dec. 16. By NelWang
Read more »
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin FridayCSOP has received more than $74 million in investment for the first bitcoin and ether ETFs in Asia.
Read more »